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Business Studies
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What is a stakeholder?

A stakeholder is party that has an interest in a company, or is affected by the business. The primary stakeholders of a company usually are investors, shareholders and the consumers. For example, a consum...

Answered by Scott J. Business Studies tutor
2581 Views

Explain the advantages of being a franchisee

Tips: When a keyword is mentioned in the question, it is advised to start your answer by defining that keyword or concept (you would usually get a few marks for this) . In this case, star...

Answered by Sandy G. Business Studies tutor
1948 Views

Please define marketing mix. What is its importance for business?

Simply put, the company should puts the right product, at the right place, at the right price, at the right time. Product means understanding what the customers want; this includes understanding how our p...

Answered by Katerina R. Business Studies tutor
1566 Views

What is Maslow's Hierarchy of Needs and how is it relevant to managers?

Maslow's hierarchy of needs is a motivational theory where the needs of the individual are illustrated as layers of a triangle. It is based on the assumption that an individual works from the bottom up: i...

Answered by Bronte C. Business Studies tutor
1671 Views

Why might a private limited company want to expand to become a public limited company? What are the advantages and drawbacks to doing so?

There are various reasons why a private company might want to become a public limited company, but the most common reason is to raise money in the public market by issuing shares. Investors who are eligib...

Answered by Marco C. Business Studies tutor
29748 Views

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